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Fukui appointed BoJ governor

Central Banking staff

24 Feb 2003

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Toshihiko Fukui was today nominated to replace Masaru Hayami as governor of the Bank of Japan. Prime Minister Koizumi's decision to appoint a conservative figure like Fukui has already been criticised for showing a lack of commitment to tackle deflation.

Fukui, who will replace Hayami on March 20 if his appointment is approved by Parliament, is a former deputy governor of the BoJ and is considered to be conservative with similar views to Hayami, who has refused to instigate a policy of inflat